Question

In a market economy, what does a producer mean when it asks, "Is there a market for my products?"

A) "Is there a place where we can sell our products?"
Eliminate
B) "Is our product being made more cheaply overseas?"
C) "Will consumers need and want to buy our products?"
D) "Will the government support demand for our products?"

Answer 1

C

Step-by-step explanation:

they want to know if people will purchase their goods

Answer 2

The correct answer is C) Will consumers need and want to buy our products?

In a market economy, what a producer means when it asks, "Is there a market for my products?" is "Will consumers need and want to buy our products?"

When a company produces goods or services, it has to considerate if people are willing and able to but what the company offers. In Market terms, it is said that "there is or there is no market for products." That is why is so important that companies do marketing research in order to know if consumers want something or are able to pay any price for the product.